Fateh Sports (Pakistan) Market Value
| FSWL Stock | 87.22 1.23 1.43% |
| Symbol | Fateh |
Fateh Sports 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Fateh Sports' stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Fateh Sports.
| 11/15/2024 |
| 12/15/2024 |
If you would invest 0.00 in Fateh Sports on November 15, 2024 and sell it all today you would earn a total of 0.00 from holding Fateh Sports Wear or generate 0.0% return on investment in Fateh Sports over 30 days.
Fateh Sports Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Fateh Sports' stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Fateh Sports Wear upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 7.33 | |||
| Information Ratio | 0.1012 | |||
| Maximum Drawdown | 20.01 | |||
| Value At Risk | (10.00) | |||
| Potential Upside | 9.99 |
Fateh Sports Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fateh Sports' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fateh Sports' standard deviation. In reality, there are many statistical measures that can use Fateh Sports historical prices to predict the future Fateh Sports' volatility.| Risk Adjusted Performance | 0.0947 | |||
| Jensen Alpha | 0.5414 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | 0.0802 | |||
| Treynor Ratio | 0.4466 |
Fateh Sports Wear Backtested Returns
Fateh Sports Wear secures Sharpe Ratio (or Efficiency) of -0.0246, which denotes the company had a -0.0246% return per unit of risk over the last 3 months. Fateh Sports Wear exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Fateh Sports' Mean Deviation of 4.21, coefficient of variation of 844.01, and Downside Deviation of 7.33 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 1.52, which means a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Fateh Sports will likely underperform. At this point, Fateh Sports Wear has a negative expected return of -0.1%. Please make sure to confirm Fateh Sports' total risk alpha, treynor ratio, value at risk, as well as the relationship between the sortino ratio and maximum drawdown , to decide if Fateh Sports Wear performance from the past will be repeated at some point in the near future.
Auto-correlation | 1.00 |
Perfect predictability
Fateh Sports Wear has perfect predictability. Overlapping area represents the amount of predictability between Fateh Sports time series from 15th of November 2024 to 30th of November 2024 and 30th of November 2024 to 15th of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Fateh Sports Wear price movement. The serial correlation of 1.0 indicates that 100.0% of current Fateh Sports price fluctuation can be explain by its past prices.
| Correlation Coefficient | 1.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 25.4 |
Fateh Sports Wear lagged returns against current returns
Autocorrelation, which is Fateh Sports stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Fateh Sports' stock expected returns. We can calculate the autocorrelation of Fateh Sports returns to help us make a trade decision. For example, suppose you find that Fateh Sports has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Fateh Sports regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Fateh Sports stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fateh Sports stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Fateh Sports stock over time.
Current vs Lagged Prices |
| Timeline |
Fateh Sports Lagged Returns
When evaluating Fateh Sports' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fateh Sports stock have on its future price. Fateh Sports autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Fateh Sports autocorrelation shows the relationship between Fateh Sports stock current value and its past values and can show if there is a momentum factor associated with investing in Fateh Sports Wear.
Regressed Prices |
| Timeline |
Pair Trading with Fateh Sports
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Fateh Sports position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Fateh Sports will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Fateh Sports could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Fateh Sports when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Fateh Sports - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Fateh Sports Wear to buy it.
The correlation of Fateh Sports is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Fateh Sports moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Fateh Sports Wear moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Fateh Sports can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.